Lexmark Poised For Better Performance In 2013

LEXINGTON, Ky. - One of Lexington’s largest employers is hoping to encounter a more favorable business climate in 2013. Back in August Lexmark International closed its ink jet printer division, laying off 1,700 employees; 550 of them in Lexington.

“We’re working through that here as we speak. We think the majority of it will be behind us by year end. But, I’ll be the first to tell you that these are not easy things to do and we are doing the best we can to treat our folks with respect. We are helping them transition to either retirement or to other careers", said Lexmark Chairman and CEO Paul Rooke.

Rooke said he believes Lexmark’s recent acquisitions have put the company in a better position it to meet the changing needs of its clientele.

“While we are not moving away from the printing business…we still have our core laser printing business, we are adding a number of software assets to our company to be able to help customers manage between this paper world that they still are swimming in, but also help them bridge to this digital world that they want to be in.”

Lexmark recently rolled out a full line of new laser printers and multi-function products.